Spirit Airlines says JetBlue has no basis for terminating merger

This morning, JetBlue Airways (JBLU) filed an 8K stating that JetBlue yesterday informed Spirit Airlines (SAVE) that “certain conditions to closing required by the Agreement and Plan of Merger, dated as of July 28, 2022, among JetBlue, Spirit and Sundown Acquisition Corp., a Delaware corporation, and a direct wholly owned subsidiary of JetBlue may not be satisfied prior to the outside dates set forth in the Merger Agreement. JetBlue continues to evaluate its options under the Merger Agreement. Unless and until such time as the Merger Agreement is terminated pursuant to its terms, JetBlue will continue to abide by all of its obligations under the Merger Agreement,” Spirit noted in its own regulatory filing. “Spirit believes there is no basis for terminating the Merger Agreement. Spirit will continue to abide by all of its obligations under the Merger Agreement, and it expects JetBlue to do the same,” the company added.